Here is an interesting video from WSJ.com featuring Rick Sharga of Realty Trac, a group that tracks foreclosures nationwide:
Click Link here.
Mr. Sharga explains that we are currently in the 2nd phase of 3 phases in the foreclosure/ credit crisis. In Washington state, I would argue that we are closer to the first phase. That said, you should be aware of your rights in protecting your home from the Banks.
For more information on the Foreclosure process in Washington State, please consider contacting a Kirkland Foreclosure Attorney.